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Contract LifeCycle Management

Volody's Contract LifeCycle Management Software

Get control of your contracts with most trusted and easy to use Volody Contract LifeCycle Management software. With our Contract Lifecycle Management software digitize your contracts, Get complete list of contracts, assign task, manage workflow etc. Volody Contract Lifecycle Management Software helps legal team to achieve corporate goals by accelerating sales cycle and to improve negotiating outcomes.

Volody Lifecycle Management

Procurement Solutions

Volody Contract LifeCycle Management solution is ideal for both Buy-side and sell-side contracts allowing businesses to negotiate best terms. Use Volody’s buy-side contract solution to improve your procurement process and sell side solution to maximize efficiency

Volody Lifecycle Management

CLM That reduces risk

Most of the contracts get stuck between legal, procurement and finance department due to which sales/procurement cycle gets decelerated or sometimes leads to a business loss. Volody’s CLM platform empowers the legal team with control and visibility they need to close contracts fast enough and avoid any financial loss.

Volody Lifecycle Management

Track Contract LifeCycle

Outdated contracts, be it procurement or sales, hurts business performance. With Volody’s Contract Lifecycle Management solutions track the complete lifecycle of the contract. Our dynamic reporting dashboard provides you a complete picture of the organizations' contract health, which can be used to improve contracts

Current Scenario

Contracts handled by business functions

Legal team assist in the vetting of contracts

Contract expiry is usually tracked on excel sheet and often gets renewed after expiry

Businesses raise a request to the Legal department when there is a requirement of any legal contract for any business/service transaction

Corporate support (HR, IT, Finance, Admin) reach out to the Legal team for any new legal contract

Anyone wants to see legal contract result in taking out legal contract either from storage or from emails to see the respective limitation

Current Challenges

There's no single database for signed legal contracts, which results in surprises to the Legal function

Expired contracts result in delayed service from vendors and payment from clients

Expired contracts result in companies losing legal contract protection including indemnity, liability and confidentialities, etc.

Customers can come back with price discounts and a vendor can come back with a price increase in case of untimely renewal

Erratic flow of requests to the legal function result in unnecessary work pressure. Systematic work-flow can help in managing business requests in drafting legal contracts

Access to legal contracts and the specific clause takes a lot of time of business, corporate and legal function

Why Switch to Contract LifeCycle Management Software

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Centralized Repository

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Centralized Repository

Centralized digital storage and access to all contract anywhere from any device that’s the promise of Volody. Now access, search and retrieve all your contracts with ease. Add and delete files to existing contracts and never lose track of all your contracts.

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Contract Expiry/renewal

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Contract Expiry/renewal

Streamline your contract expiry/renewal process. Get reminders on your expiring contracts before the contract end date. Get a split of all your live, upcoming, due renewal, expired, under-dispute contracts on a central dashboard.

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Clause Library

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Clause Library

Standardized and duly vetted clause library allow businesses and junior legal team to make changes to legal contract without involving GCs or senior lawyers reducing time in contract drafting and saving money.

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Approval Matrix & Management

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Approval Matrix & Management

Volody CLM has a feature to create approval matrix for various contract approvals and allow approvers to approve contracts execution within the software or through their emails.

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Version control, track
changes facility

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Version control, track
changes facility

GCs can ensure all changes by all parties are tracked and stored strategically to enable overall control on contract drafting and finalizing.

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Obligation, Risk and
Compliance Management

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Obligation, Risk and
Compliance Management

Every contract has certain obligations and compliance requirement. Any non-compliance results in penalties, fines, termination and other liabilities. Volody CLM ensure all obligations are stored and managed.

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Electronic Signature

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Electronic Signature

Days of physical signatures on legal contract is thing of past. Nowadays lease agreements, tenders, government notifications, government approvals come with digital signatures. Volody CLM allow digital signing of contract with the use of Digital Signature Certificate (DSC) and DocuSign.

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Artificial Intelligence
and Machine Learning

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Artificial Intelligence
and Machine Learning

Capabilities to access and intelligently decide metadata. Artificial Intelligence and Machine learning capabilities help businesses to get various decision-making information quite fast and accurate. It also helps guide in using particular clause, maturity or jurisdiction to ensure safety & compliance.

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PDF reader

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PDF reader

With Optical Character Recognition functionality. Without Sell-Side automation of contract drafting, CLM software is incomplete. Volody CLM with its technology reads PDF documents and build a contract and define key terms within the software.

Testimonials